The Hub@GCT Opens at Grand Central Tech

Image Courtesy NYCEDC

Today marks the official opening The HUB@GCT, a partnership between Grand Central Tech and the New York City Economic Development Corporation (NYCEDC). HR&A is proud to have supported the HUB@GCT’s successful proposal to secure a funding commitment from the NYCEDC, which will help provide 50,000 square feet of working space, as well as and programming and support services, for companies that produce technology-based solutions to address today’s urban challenges.

Grand Central Tech is a highly selective tech-accelerator that is committed to growing a diverse and accessible tech economy in New York City. The accelerator provides free space to tech-startups without requiring an equity investment, and leverages its premiere East Midtown location to provide companies with top advisors, educational and corporate partners, and a network of investors. HR&A advised on the expansion of this proven business model – building upon our work on OneNYC, the Strategic Plan for the Brooklyn Tech Triangle, and NYC BigApps – to realize the City’s policy objectives of growing the NYC tech sector in Midtown Manhattan; providing diverse and inclusive pathways to economic opportunity; and creating smarter cities.

We’re excited to see the ongoing developments at the Hub@GCT, and congratulate the program on its excellent efforts to grow New York’s tech ecosystem.

HR&A works with government agencies, civic organizations, real estate developers, and private firms to capitalize on the economic opportunities presented by America’s growing innovation and technology economies. To hear more about our work, please contact us.